Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
Tomorrow, holy moly.
Can anyone else name a 28,000 boepd operator holding what rounds to no decom liability, 67% of it's MCap in cash and £1.3m after tax profit per day?
Be interested to hear
All the moaning on this bb, you'd think it was Enron
Except the 6 years reserves have been 6 years for several years due to canny well interventions and stimulation
Day ahead price has basically doubled, if anything it's suspicious the sp is hardly up
Oil and gas company bb’s normally have an oiler in the ranks who knows if the exploration rig is flaring or not, take it we don’t have any here?
It's the fiduciary legal duty of oil and gas companies to relinquish their licenses in the current ****show tbf - there's no money in it now for the foreseeable
I'm tired of populist idiot governance
The idea was to transition to renewables - but not to freeze to death during the transition!
It's the poor and middle classes that spend the most money in the economy, the really wealthy generally horde and lead a lifestyle that encourages macroeconomic stagnation, so in many ways it's very dire for the economy to specifically reduce the money in the pockets of those that actually spend it and have a modest income in the grand scheme of things
I saw a comedian once do a joke about how to stimulate the economy - instead of quantitative easing, literally give the billions to the poorest in society and watch the economy boom tf
Anyway, I digressed into politics, share price predictions 31st December 2022 anyone?
With the details of the budget I'm expecting the share price to go down 20% on a gusher and up 20% on a duster
I can sea the tax payer picking up the tab on NS decommissioning costs in the next 5 to 20 years - government hasn’t even left enough money for the typical operator to cover off its decommissioning liabs (doesn’t affect to Serica anyway)
And with LNG having 8x the carbon footprint per therm of U.K. NS gas used domestically we’ve actually made carbon neutrality an even more distant dream
Stupid doesn’t do it justice tbh
Hbr tanked at the same time as Sqz, weird af
Serica will be bought out by the end of March 2024
Much more undervalued compared to when Rockrose was bought - Serica has about £15m decom liabs, Rockrose had over a billion
You could pick up a decent (non UK) producing asset for £500m, that's where the largest shareholder returns lie imho
glaglth
Build. Back. Somewhere else.
If it's backdated there's a lot of debt loaded companies in deep ****
Firesale prices for sqz to snap up?
Kistos’ share price has also performed badly in that period fwiw
Serica has 21% of $3bln in net cash and cash equivalents fwiw
Everyone in government will be looking at each other puzzled as to why uk north sea oil and gas production falls off a cliff in 2 to 3 years time
Is what the government is ensuring
We'll be over 450p by Christmas imho
Fwiw I don’t think this is a leaky ship scenario, the drop was too steady all day long, plus selling based on such information would put you very much under the spot light of the fca
Nope, the kistos offer was a joke